Pangasius exports to US market rocket in Q3

Seafood was among the top four export items that saw the strongest growth in the last nine months – Photo: VNA Vietnam News Agency quoted data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showing that, by the end of September, the total export value of Vietnamese pangasius reached USD1.59 billion, up 22.6% compared to the same period last year. In which, exports to the US market increased strongly since the beginning of the third quarter. In August, the figure reached USD65.9 million, up 256% over the same period last year. This trend continued in September, with exports worth nearly USD48 million, up 152.5% from the same period last year. By the end of September, the total value of catfish exports to the US reached USD369.1 million, up 42.9% year on year. According to exporters, the reason for the rocketed growth is mainly due to stable market demand and considerable price increases. Opportunities to promote the export of pangasius to the US market are increasingly clear as the industry received good news in September, as the US Food Safety and Inspection Service proposed for the approval that the Siluriformes fish testing system (including tra and basa fishes) in Vietnam is equivalent to the US, meaning that Vietnam is eligible to export fish and Siluriformes fish products to the US market. In addition, the US Department of Commerce reduced its anti-dumping duties on Vietnamese pangasius fish under its preliminary conclusion of the 14th period of review (POR14) for the… [Read full story]